A thread π§΅on my personal day trading strategy!
After years of trial and error, trading & backtesting techniques this is what I have found to be the most effective and easy to execute trading system.
I call it the "2 minute strategy" π
$spy $qqq $nvda $amd $nvda $coin
After years of trial and error, trading & backtesting techniques this is what I have found to be the most effective and easy to execute trading system.
I call it the "2 minute strategy" π
$spy $qqq $nvda $amd $nvda $coin
The basic overview/goal of this strategy is this π
Find the trend β
Buy the pullback β
Manage risk β
I do this with Supply and Demand, a simple EMA system, and basic chart analysis & patterns.
Lets look at each simple goal 1 at a time then see how they all come togetherπ
Find the trend β
Buy the pullback β
Manage risk β
I do this with Supply and Demand, a simple EMA system, and basic chart analysis & patterns.
Lets look at each simple goal 1 at a time then see how they all come togetherπ
Find the trend - A big factor for this is to find recent Supply and Demand zones. This will drastically help you to be on the right side of the move.
I've made a few short threads on this. You can search my feed for them, they are quick reads π
I've made a few short threads on this. You can search my feed for them, they are quick reads π
I use the 200ema - 48ema - 13ema on the 2 minute chart. I use them to gauge my entries and exits
I want stock price over the 200ema for pullback entries to the 13 and 48ema to go long.
I want stock price under the 200ema for pullback entries to go short.
I want stock price over the 200ema for pullback entries to the 13 and 48ema to go long.
I want stock price under the 200ema for pullback entries to go short.
I use the emas is to gauge momentum. When they are flat/scrambled/close together it is a strong sign of consolidation/chop (no trade zone!)
When the emas start to drift apart and align in order it is a clear visual of momentum. This is when pullback buys are most respected! π
When the emas start to drift apart and align in order it is a clear visual of momentum. This is when pullback buys are most respected! π
As price moves from Zone to Zone i'm using the emas to gauge the momentum, avoid consolidation/chop areas, and buy the pullbacks.
Once in the trade i'm using the 13ema to ride out my winners, scaling out along the way. Exiting the trade on the break.
Once in the trade i'm using the 13ema to ride out my winners, scaling out along the way. Exiting the trade on the break.
Chart patterns and analysis - I like to keep it simple and focus on what works. I use things like Bear/Bull flags, common candle stick patterns, and overall market awareness to help me out. These are simple effective tools that anyone can learn π
RIsk management - Without a doubt the most important part of any trading system. Keeping losers small is critical!
I do this by having a clear risk level for every trade I enter. and more importantly, respecting it! Every strategy comes with systematic losses, except it.
I do this by having a clear risk level for every trade I enter. and more importantly, respecting it! Every strategy comes with systematic losses, except it.
Summary - I am a trend trader. I buy pullbacks to my emas when I feel there is a defined trend/momentum. I manage risk by respecting my stop.
Supply and Demand β
Ema pullbacks β
Chart patterns β
Risk management β
Thanks for reading π Give this thread a β€οΈ & β»οΈ
Lets bank π°
Supply and Demand β
Ema pullbacks β
Chart patterns β
Risk management β
Thanks for reading π Give this thread a β€οΈ & β»οΈ
Lets bank π°
If you are interested in a supportive trading community that focuses on simple effective techniques then check out Team2! There are still spots available to join. patreon.com
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